Not As Bad As I Thought - The 2011 Budget Deficit

Upon first thought the 2011 budget recently proposed appears to be a ticking time bomb with regards to the US budget deficit. However, upon deeper reflection it might not be so bad. Conceding the point that there are excess amounts of recession related social spending, a large portion of the deficit comes from expanding social security and Medicare payments. This might be what actually neutralizes part of the deficit's size. Looking at the current unemployment and underemployment rates there is a huge base of people not currently paying into these systems. If a quick economic recovery can be achieved, these people can massively increase the tax receipts upon which these programs are dependent. Thus while the expanded 2011 deficit is a major concern it might not be as large as currently feared.